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Feb 10, 2013
02/13
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we have a budget deficit problem we have to address. right now we have low interest on the national debt, and it's a googood time for us to act to loather deficit. we think the deficit and the national debt are at a moral level. we think they must be reduced. we're sick and tired of paying interest on the national debt. that's 15%. that's a large percentage of the budget. >> joining us now is the anchor of "fox news sunday" chris wallace. good morning, chris. >> how are you, eric? >> eric: we heard her say that the national debt is at immoral levels. how do we fix it? what would you say? >> well, the pressure the president -- expression the president used a lot during the campaign, and you know what that means. i suspect it's very different than the republicans, but also yes, tax increases and spending cuts. no more raising of rates but there's a lot that can be done in taking away loopholes, dehe duckses on the wealthy, do away with the subsidies to the oil companies, the buffett role that anybody who makes more than a million dollars
we have a budget deficit problem we have to address. right now we have low interest on the national debt, and it's a googood time for us to act to loather deficit. we think the deficit and the national debt are at a moral level. we think they must be reduced. we're sick and tired of paying interest on the national debt. that's 15%. that's a large percentage of the budget. >> joining us now is the anchor of "fox news sunday" chris wallace. good morning, chris. >> how are...
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Feb 9, 2013
02/13
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deficits are they say unsustainable. g.d.p. is actually negative. what is he going to say, not my fault? >> he is going to say if congress doesn't act to o these things in the next few months it's going to get even worse. for example, you have the sequester coming up in couple weeks. president has presented proposals that would stave off some of the cuts that would be devastating to the nation's military and the defense industry. you have debt ceiling coming up few months after that and congress is supposed to pass a budget in the next couple of months but obviously they have not done that. >> gregg: he has raised taxes not only on high income earners, he has raised taxes on everyone. the word is he is going to say, he needs more money, more tax revenues. how is that going to be received? >> i can tell you on capitol hill it has not been received very well. house republicans basically, many of them didn't vote for the package that included the tax hikes you are referring to, the one that was voted right after new year's eve. they say that is enough.
deficits are they say unsustainable. g.d.p. is actually negative. what is he going to say, not my fault? >> he is going to say if congress doesn't act to o these things in the next few months it's going to get even worse. for example, you have the sequester coming up in couple weeks. president has presented proposals that would stave off some of the cuts that would be devastating to the nation's military and the defense industry. you have debt ceiling coming up few months after that and...
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Feb 7, 2013
02/13
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she's part of the progressive caucus which produced his own plan this week to trim the deficit without cuts to our safety net. congresswoman, let me go to you first. the president made it clear he'll fight for what he believes is right. will republicans fold yet again? >> well, i certainly hope they will. apparently, john boehner said we're done with taxes. the president was very clear that when meeting the economic and fiscal challenges ahead, that he wants to keep in perspective whether the cop or the receptionist was able to make it. and he did contrast it with what the republicans want. and they want to cut medicare and social security. and so he said fine, let's argue this out in the public. and he clearly felt confident that he and we would win if that bat 8 takes place. >> now, the reason i'm asking, congresswoman, is "politico" is reporting that the economy is crumbling. let me quote. >> if that is true and the democratic caucus stands together and the president stands firm, they will have backed down yet again. >> exactly. you know, reverend al, that this sequester was never i
she's part of the progressive caucus which produced his own plan this week to trim the deficit without cuts to our safety net. congresswoman, let me go to you first. the president made it clear he'll fight for what he believes is right. will republicans fold yet again? >> well, i certainly hope they will. apparently, john boehner said we're done with taxes. the president was very clear that when meeting the economic and fiscal challenges ahead, that he wants to keep in perspective whether...
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Feb 9, 2013
02/13
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we can't just talk about the deficit in the short-term when really we need to spend more. we can't keep cutting jobs because cutting right now is laying off teachers, laying off firefighters. it's not educating our kids. it's going to take people out of head start. these are things that are not going to get us on the right track. we need to focus and get engaged and get the economy back on the right track. >> rick: two starkly different views on a way forward. well presented by both of you. so thank you both for coming on. >> thank you. >> arthel: very good. so there is this, in utah, a moose creating some excitement in a residential neighborhood. the moose making himself effectually at home, taking in the sights as he wandsered into various back yards. sometimes hopping walls and fences, posting on facebook. no, he didn't. wildlife officials were finally able to tranquilize him and they suggest you leave that to the professionals, of course. >> rick: i just got -- >> you never approach a moose. they're very aggressive. they can seem real docile and all of a sudden decide
we can't just talk about the deficit in the short-term when really we need to spend more. we can't keep cutting jobs because cutting right now is laying off teachers, laying off firefighters. it's not educating our kids. it's going to take people out of head start. these are things that are not going to get us on the right track. we need to focus and get engaged and get the economy back on the right track. >> rick: two starkly different views on a way forward. well presented by both of...
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Feb 12, 2013
02/13
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how do you square pro growth with cuts deficits now? that is the problem that republicans couldn't get their arms around in the last election, let's see if rubio can do it now. >> and let's see if he can come up with something new. >> big government, i think we've heard it. >>> coming up, the latest on the roadblocks against the violence against women act. karen finney will join us. keep tweeting your answers, coming up. why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. did you know not all fiber is the same? citrucel is different- it's the only fiber for regularity that won't cause excess gas. it's gentle and clinically proven to help restore and maintain regularity. look for citrucel today. it's gentle and clinically pryou know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment
how do you square pro growth with cuts deficits now? that is the problem that republicans couldn't get their arms around in the last election, let's see if rubio can do it now. >> and let's see if he can come up with something new. >> big government, i think we've heard it. >>> coming up, the latest on the roadblocks against the violence against women act. karen finney will join us. keep tweeting your answers, coming up. why turbo? trust us. it's just better to be in front....
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Feb 10, 2013
02/13
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the debt and deficit problem is also a problem of economic growth. we don't have too many economic problems that a few extra points of gdp growth wouldn't solve. the economy is sort of okay, improving. housing is coming up. the stock market is doing well and manufacturing is coming back to life. if we can get the economy moving in a positive direction that will help with the debt and deficit and other issues. i want to hear concrete proposals for creating jobs and expanding the economy. >> how do we get there? you've been in washington, you're an independent. the parties are like this. >> no kidding. >> did you expect it to be that bad? >> i didn't have any illusions but there are a few signs of hope. negotiations on the filibuster rule change. didn't get as much as i want but that's compromise. a bipartisan serious discussion on immigration. i don't think we expected that. let's hope there's positive movement. but yeah, the warfare is still a big part of the deal. >> it's on both sides. the critics accuse of president of my way or the highway yet jo
the debt and deficit problem is also a problem of economic growth. we don't have too many economic problems that a few extra points of gdp growth wouldn't solve. the economy is sort of okay, improving. housing is coming up. the stock market is doing well and manufacturing is coming back to life. if we can get the economy moving in a positive direction that will help with the debt and deficit and other issues. i want to hear concrete proposals for creating jobs and expanding the economy....
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Feb 12, 2013
02/13
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i think he'll talk about his balanced approach to deficit reduction. he'll talk about matching spending cuts with new revenues, particularly from tax reform. i think in particular you might hear him talk about raising private equity tax these guys pay at a low rate. he'll talk about raising that a little bit. oil and gas tax subsidies. he wants to get rid of some of those. he doesn't want to do what house republicans do which is spending cuts across the board and no revenue increases. again, it will be hard to get much buy in in the house on that. they want to cut spending and not raise taxes again like he did at the beginning of the year. >> all right. we'll be paying close attention to all of it. ben white, thanks so much. >>> and now here's your first look at the other news going on around america. we start if san diego. an iconic 1945 photo of the sailor kissing a nurse tend of world war ii is being revived. the 5-foot, 15,000 pound statue of the kiss has been built and transported to san diego where it will be installed along the waterfront in the
i think he'll talk about his balanced approach to deficit reduction. he'll talk about matching spending cuts with new revenues, particularly from tax reform. i think in particular you might hear him talk about raising private equity tax these guys pay at a low rate. he'll talk about raising that a little bit. oil and gas tax subsidies. he wants to get rid of some of those. he doesn't want to do what house republicans do which is spending cuts across the board and no revenue increases. again, it...
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Feb 8, 2013
02/13
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. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big spending cuts. >> right. >> it was a deficit reduction package that worked. they continued to do more deficit reducing package with newt gingrich on the spending side throughout the decade and we're on our way to a surplus. >> that's right. i've been calling it the undecade, the 1990s has been written out of their record. they would have you believe that it was always the way it was under reagan and then bush. >> why don't they just say, leave off the clinton tax increase, which helped a lot, and just claim they did it for spending cuts? >> because if they do, if they admit that something nice happened in the '90
. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big...
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Feb 12, 2013
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how do you square pro growth with cuts deficits now? that is the problem that republicans couldn't get their arms around in the last election, let's see if rubio can do it now. >> and let's see if he can come up with something new. >> big government, i think we've heard it. >>> coming up, the latest on the roadblocks against the violence against women act. karen finney will join us. keep tweeting your answers, coming up. male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or a
how do you square pro growth with cuts deficits now? that is the problem that republicans couldn't get their arms around in the last election, let's see if rubio can do it now. >> and let's see if he can come up with something new. >> big government, i think we've heard it. >>> coming up, the latest on the roadblocks against the violence against women act. karen finney will join us. keep tweeting your answers, coming up. male announcer ] citi turns 200 this year. in that...
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Feb 9, 2013
02/13
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FOXNEWS
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listen to this. >> our deficit is a big problem. think about it. [applause] our national debt, $16.5 trillion. you think that's not a lot of money. tell you what, count one number per second, one number per second. you know how long it would take you to count to 16 trillion, 5,007 years. some people say, they say, well, that's not fair because it doesn't hurt guy who made $10 billion as much as the guy who made 10. where does it say you have to hurt the guy? he just put a billion dollars in the pot. you know, we don't need hurt him. >> amazing speech. move over, president obama, the doctor is in the house. joining me the author of "america the beautiful, a director of pediatric neurosurgery, dr. benjamin carson. doctor, that speech moved me deeply. what's been the reaction so far? >> the reaction has been overwhelming. we've been deluged with emails, with calls. 99.5% positive. >> sean: wow. >> that doesn't surprise me, because the way that i lay things out was really logical. it wasn't right wing, it wasn't left wing. it was just logic and common
listen to this. >> our deficit is a big problem. think about it. [applause] our national debt, $16.5 trillion. you think that's not a lot of money. tell you what, count one number per second, one number per second. you know how long it would take you to count to 16 trillion, 5,007 years. some people say, they say, well, that's not fair because it doesn't hurt guy who made $10 billion as much as the guy who made 10. where does it say you have to hurt the guy? he just put a billion dollars...
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Feb 9, 2013
02/13
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this deficit is a real problem. this is where i depart from paul. who am i to depart from paul? a nobel laureate. >> we'll ask him. >> this is about the best deal we'll get out of the right-winged crazy people in the house. >> because it's balanced and -- >> it doesn't really touch -- there's no better deal progressives are going to get out of this other than going over the cliff. >> i'm so worried about austerity and -- >> europeans did it wrong. we had throw years of recovery relative to europe. if we're ever going to take the hit this is a better time to take t if this were three years ago, i would be arguing right with you. i think we can take a chance. when are we going to get the chance to take these cuts in the pentagon or take a bite out of the deficit? i think it's worth it. >> now twittering dean quester. >> if he would stop blaming someone else other than himself and man up and take responsibility. >> kris hayes, i'm sure your guests will have much more explaining on kicking the can down the road. >> thank you. >>> ousted fox news contributor says he's on a mission fo
this deficit is a real problem. this is where i depart from paul. who am i to depart from paul? a nobel laureate. >> we'll ask him. >> this is about the best deal we'll get out of the right-winged crazy people in the house. >> because it's balanced and -- >> it doesn't really touch -- there's no better deal progressives are going to get out of this other than going over the cliff. >> i'm so worried about austerity and -- >> europeans did it wrong. we had...
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Feb 4, 2013
02/13
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the president told super bowl fans reducing the deficit will require more taxes. >> can we combine some smart spending cuts because there's still some waste in government, can we reform our health care programs in particular and can we close loopholes and productions that folks who are well connected and have a lot of accountants can take advantage of. there's no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. >> president also warned congress about the danger of alowing the sequester to go into effect. >> washington cannot continually operate under a cloud of crisis. that freezes up consumers, gets businesses worried. we can't afford the self-inflicted wounds. >> no another tweet david plouffe said message delivered to big audience on balanced budget, deficit reduction, economy growth. on abc, an unlikely name was invoked for direction. >> i think what we need to do is do some things mitt romney taungd abo talked about. he said there are tax loopholes that should be closed. there are efforts being made to only get rid of the s
the president told super bowl fans reducing the deficit will require more taxes. >> can we combine some smart spending cuts because there's still some waste in government, can we reform our health care programs in particular and can we close loopholes and productions that folks who are well connected and have a lot of accountants can take advantage of. there's no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. >> president...
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Feb 9, 2013
02/13
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trade deficit fell sharply last month. the combination now has economists believing the economy grew in the last few months of 2012, even though data out last week showed the economy fell slightly in the fourth quarter. but a closer look shows some cause for caution. darren gersh reports. >> reporter: the december trade numbers were much better than forecasters expected. the deficit between what the u.s. exports and what we import fell 21% to $38.5 billion. and that means exports likely boosted growth in the last three months of 2012. >> so this is a good sign that exports were a little stronger than we thought when the numbers were first estimated and that is obviously a good sign for the economy. again, the economy is obviously growing way too slowly, but at least on this note, i think it will be revised upward. energy is a now a bright spot for the u.s. economy. thanks to new fracking technology, surging domestic production cut crude oil imports last year by 227 million barrels. but that success was offset somewhat by i
trade deficit fell sharply last month. the combination now has economists believing the economy grew in the last few months of 2012, even though data out last week showed the economy fell slightly in the fourth quarter. but a closer look shows some cause for caution. darren gersh reports. >> reporter: the december trade numbers were much better than forecasters expected. the deficit between what the u.s. exports and what we import fell 21% to $38.5 billion. and that means exports likely...
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Feb 10, 2013
02/13
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always as long as there is polling data with deficits, franklin roosevelt railed against the deficit with you look one level lower at the polling data spending on international affairs americans oppose every single thing, any tax you name or spending other than for it -- foreign-aid and the majority is against it. it is a strong lips' service and the response ravel's whenever it imagined possible. and sure the president doesn't agree with this, but in my view, it wasn't just they did not focus like a laser beam when the economy was nowhere near as bad as broccoli on inherited, he was doing so many things at once but one result it was very hard for the electorate to see the forest for all the trees what did heal health care reform have to do getting people back to work? not really. so people were watching this burst of activity but not receiving the excellent job the obama team did in preventing a much worse fate. i think i talk too long long, let's see what questions. if five people have heard of lee for guess i am in trouble. [laughter] [applause]>> this is a bit of an meeting if yo
always as long as there is polling data with deficits, franklin roosevelt railed against the deficit with you look one level lower at the polling data spending on international affairs americans oppose every single thing, any tax you name or spending other than for it -- foreign-aid and the majority is against it. it is a strong lips' service and the response ravel's whenever it imagined possible. and sure the president doesn't agree with this, but in my view, it wasn't just they did not focus...
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Feb 5, 2013
02/13
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under current law the deficit will shrink in 2013. as an estimated $845 billion, the deficit, the first in five years below $1 trillion. >> the cbo projects deficits to decline from $845 billion to year to as low as 430 billion in 2015 but then 978 billion a year by 2023. >> in 2014 or 15 the deficit will come down. there's a tax increase we just passed. that combines to produce a smaller deficit. >> though the president has not submitted his budget, the cbo projects the next ten years u.s. debt will increase $10 trillion from a little more than 16 trillion-dollar now to more than $26 trillion in 2023. >> you can't raise enough tax to say pay for this problem. you won't grow fast enough to get rid of this problem. you ultimately have to deal with spending. >> after 2023, the debt begins to soar. >> after that it's going to grow and reach the trillion and go beyond the trillion. so at no point in the foreseeable future is the deficit going to come down to manageable level. >> noting repeatedly high debts are bad and dangerous as he put
under current law the deficit will shrink in 2013. as an estimated $845 billion, the deficit, the first in five years below $1 trillion. >> the cbo projects deficits to decline from $845 billion to year to as low as 430 billion in 2015 but then 978 billion a year by 2023. >> in 2014 or 15 the deficit will come down. there's a tax increase we just passed. that combines to produce a smaller deficit. >> though the president has not submitted his budget, the cbo projects the next...
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Feb 5, 2013
02/13
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he's a great generator for deficit. there's a lot of talk of taxes and so forth. that is a job in the pocket if you look at the real driver of our deficit and debt of unfunded liabilities are entitlement programs. to say the things we have to reform. the only party that's meeting after has been the republican party. your highness pasty pledges to do with medicare's. the senate democrats haven't passed a budget in four years. >> host: what does it say that ronald reagan is the point of reference in the party? >> guest: it shows that a huge monumental figure he was. not just what he did in the world, but to the republican party. he fundamentally reshaped the republican party in lots and lots of ways and this time has gone on, he's grown in the imagination of the republican party and he should. he was one of the great presidents of the 20th century. there's a lot to learn both in terms of principle stands in terms of countenance and tone, the way he carried himself. he was a man of extraordinary grace and dignity. he was really by his opponents and never returned in
he's a great generator for deficit. there's a lot of talk of taxes and so forth. that is a job in the pocket if you look at the real driver of our deficit and debt of unfunded liabilities are entitlement programs. to say the things we have to reform. the only party that's meeting after has been the republican party. your highness pasty pledges to do with medicare's. the senate democrats haven't passed a budget in four years. >> host: what does it say that ronald reagan is the point of...
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Feb 10, 2013
02/13
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it's-- we are facing a situation with these deficits that in three or four more years, the deficit's going to be down to 600 or 700 billion dollars a year which is an enormous amount of money and then we're going to have another recession and it's going to go up to 1.5 or even more trillion dollars and we're not going to be able to deal with it and if we have inflation which we're going to have at some point we won't be able to pay the debt service. and now it's in the long run we'll be dead with his policies and that's where we are now, we've got to deal with the long run and forget about the short-term. >> brenda: and john, that's actually only one more quarter of negative gdp we'll be in recession? >> sorry about that. >> all cuts are good as far as i'm concerned, but a meat ax is a little bit of exaggeration, this is more like a butter knife that these cuts are so small, there's nothing there and he what i would like to see is the government take more of a private sector approach, like a businessman and say, let's evaluate what we have 'cause many of these government programs ove
it's-- we are facing a situation with these deficits that in three or four more years, the deficit's going to be down to 600 or 700 billion dollars a year which is an enormous amount of money and then we're going to have another recession and it's going to go up to 1.5 or even more trillion dollars and we're not going to be able to deal with it and if we have inflation which we're going to have at some point we won't be able to pay the debt service. and now it's in the long run we'll be dead...
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Feb 9, 2013
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we have achieved about two trillion in deficit reduction so far and have another two trillion to go and something that reasonable minds agree on. it will be more fun when you are making new investmentings. >> here's the problem. so many americans believe that congress is so pol oarized right now . so difficult to make head way at this moment. everybody is camped out and take care of their own agendas . how do you get past that right now. & not every democrats support it an agreement and in my view tax were deciped and now why have turn to spend everybody acknowledges we have a spending problem and so to prevent the dire consequences that come with sequestitration and economic and national security wise and domestic programs are cut, too. we have to cut spend nothing a smart way and no reason we can't do that. >> we'll give you the last word. do we have a spending problem and believe that that is at play right now. >> we'll have to reduce spending . andy he upon said we need to have it. it was all spending cuts and the second round increases . and they are advocate that's what the countr
we have achieved about two trillion in deficit reduction so far and have another two trillion to go and something that reasonable minds agree on. it will be more fun when you are making new investmentings. >> here's the problem. so many americans believe that congress is so pol oarized right now . so difficult to make head way at this moment. everybody is camped out and take care of their own agendas . how do you get past that right now. & not every democrats support it an agreement...
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the first of less than $1 trillion annual deficits continue to shrink when they begin increasing deficits but in the next 10 years they will add almost $7 trillion to the national debt and 76 trillion by 20203. the national debt compared to the economy stabilizes and climbs much higher in the future. the director of the cbo says the primary culprit is health care spending. >> we still see substantial growth of health care spending over the 10 years and beyond. because of the number of people who will be eligible for medicare will be rising sharply. gerri: they expect gdp to rise this year and next year an average of 3.6% after that and then slowing. cbo expects unemployment average 8% this year and seven points six% next year that is the first time that has happened in 70 years. with the recent tax increases and spending cuts the cbo says it will cost 1.2 5% percentage points of gdp but with deficits reduce it boost growth and employment in the future. gerri: while the cbo war and gas the president tried to put the squeeze on congress to pass small spending cuts and pass more tax hikes. w
the first of less than $1 trillion annual deficits continue to shrink when they begin increasing deficits but in the next 10 years they will add almost $7 trillion to the national debt and 76 trillion by 20203. the national debt compared to the economy stabilizes and climbs much higher in the future. the director of the cbo says the primary culprit is health care spending. >> we still see substantial growth of health care spending over the 10 years and beyond. because of the number of...
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Feb 6, 2013
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blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been under president obama. but the supposedly gigantic growth of those deficits is why congressional republicans are >>> in march 2007, some of the fine folks at morgan stanley were brainstorming via e-mail about what they wanted to call a new product they were working on. it was an investment package essentially that they would eventually go on to sell to a chinese bank. here are some of the potential product names that were suggested in this brainstorming session by a particular morgan stanley vice president. flutter fish 2007, or mike tyso
blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been...
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Feb 5, 2013
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saying deficits decline as a percentage of gdp could dip as low as 2.4% in 2015. then they start to rise again in 2016. that 10-year-old cbo deficit projection increased overall to 4.6 trillion for the 2013 decade up from $20.2 trillion in it's previous. cbo sees real gdp growing 1.4% in 2013, the sub died growth limits businesses to hire more workers, cbo projecting unemployment rate to stay near 8% this year, also expecting unemployment rate to remain above 7.5% through 2014. debt and deficits will be larger, the cbo says, if current laws were modified and rising health care cost and increased federal health care subsidies, spending cuts and higher taxes with offset deficit increases long-term says the cbo. over and over again this report talks about those short-term budget decisions on the horizon including march 1st, the automatic spending reductions, sequester. what does congress and the white house do about the expiring continuing resolution in late march, funding for the operations of government and, divorce, the next round of the debt limit debate due to h
saying deficits decline as a percentage of gdp could dip as low as 2.4% in 2015. then they start to rise again in 2016. that 10-year-old cbo deficit projection increased overall to 4.6 trillion for the 2013 decade up from $20.2 trillion in it's previous. cbo sees real gdp growing 1.4% in 2013, the sub died growth limits businesses to hire more workers, cbo projecting unemployment rate to stay near 8% this year, also expecting unemployment rate to remain above 7.5% through 2014. debt and...
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the numbers today are living short of terrific. $7 trillion in deficits over the next ten years. is coming after we raise 600 billion in taxes. what does the president say? well, let's not do the spending cuts, which we are counting on to keep it down to 7 trillion. instead to raise taxes, which we already proven does not solve the problem. you have to have a pretty good sense of humor to like it that seriously. lou: and to look at you have to have a pretty good sense of humor to put this in context of the history of this president and fiscal issues. does not pose for the budget. the senate has not passed one commend the president of the united states said this back in 2011. november 41st. already, he said, some in congress are trying to undo these automatic spending cuts, much like he did today at 115 eastern time. my message to them back in 2011, no, i will be there through any effort to get rid of automatic spending cuts to domestic and defense spending said the break president at that point. your reaction? >> that was president obama circa 2011. candid obama in a debate set s
the numbers today are living short of terrific. $7 trillion in deficits over the next ten years. is coming after we raise 600 billion in taxes. what does the president say? well, let's not do the spending cuts, which we are counting on to keep it down to 7 trillion. instead to raise taxes, which we already proven does not solve the problem. you have to have a pretty good sense of humor to like it that seriously. lou: and to look at you have to have a pretty good sense of humor to put this in...
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Feb 6, 2013
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blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been under president obama. but the supposedly gigantic growth of those deficits is why congressional republicans are committed to us lurching from self-imposed crisis to self-imposed crisis instead of us working this stuff out like adults. the accusation that president obama has grown the deficit giantly since he has been in office is a very politically potent accusation. and when republicans say it, the beltway media tends to write it down as if it was true. it is not true. it has not been true for a very long time, and there is really no ex
blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been...
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Feb 5, 2013
02/13
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so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the way he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the honor, but i'm only a chairman today. the gentleman is recognized. mr. hoyer: we wish you the best for the future. the chair: thank you. mr. van hollen, may i ask for how long he was recognized? mr. van hollen: i yield four minutes. the chair: the gentleman from maryland is recognized. mr. hoyer: i thank the gentleman for yielding. mr. price of georgia said what the american people want. what the american people don't want is games. this is a game. this is a sham. this is a shame. what the american people want is honest legisl
so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the way he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the...
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Feb 8, 2013
02/13
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what about deficits? we have a jobs crisis in this country. not a deficit crisis. to me, the whole conversation has been pushed to the right further than it should be. >> and karen, on a last note, in anticipation of the president's speech, the white house released numbers on the people affected by the cuts. i believe around 600,000, between 600,000 and 800,000 suffering as a result of cuts to food stamps and other program that is people need to survive these days and at least some of the analysis out there, democrats feel that they can win this argument over these cuts and that it's likely we're going to hear from the president words like corporate jets, big oil in the state of the union positioning the every day working people against those against who says he not paying their fair share. >> i think there was an interesting speech this week earlier from eric cantor, the house majority leader. i think people want to hear about more than just the deficit numbers but really concrete measures that are going to be enacted to make their lives better and what people are
what about deficits? we have a jobs crisis in this country. not a deficit crisis. to me, the whole conversation has been pushed to the right further than it should be. >> and karen, on a last note, in anticipation of the president's speech, the white house released numbers on the people affected by the cuts. i believe around 600,000, between 600,000 and 800,000 suffering as a result of cuts to food stamps and other program that is people need to survive these days and at least some of the...
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Feb 6, 2013
02/13
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his party, focusing on issues like education and health care and spend less time talking about the deficit. >> really? oh, yes. eric cantor to the rescue. he is ready to save the republican image and put a stop to the electoral college losses, right? of course, this is not the first time eric cantor has tried to save the party. you see, it actually is the fourth attempt that he has had. in 2009, cantor held a pizza party, remember that? with jeb bush and mitt romney by launching the national council for a new america that didn't work. a year later, cantor was back at it. he was one of the young guns ready to take the republican party by storm. >> there is a better way, and a new team is ready to bring america back. eric cantor, kevin mccarthy, paul ryan joined by common-sense conservative candidates from across the country. together, they are ready to make history. together they are the young guns. >> the good old days. in 2011, cantor launched the you cut program. he wanted to get the public to vote on weekly cuts to federal government. another year, another failure. so today cantor launc
his party, focusing on issues like education and health care and spend less time talking about the deficit. >> really? oh, yes. eric cantor to the rescue. he is ready to save the republican image and put a stop to the electoral college losses, right? of course, this is not the first time eric cantor has tried to save the party. you see, it actually is the fourth attempt that he has had. in 2009, cantor held a pizza party, remember that? with jeb bush and mitt romney by launching the...